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Strategies & Market Trends : The Art of Investing
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From: Lou Weed3/4/2023 10:01:39 AM
2 Recommendations

Recommended By
sixty2nds
Sun Tzu

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Munich, Germany, and Ottawa, Canada – 02 March, 2023 – Infineon Technologies AG (FSE: IFX / OTCQX: IFNNY) and GaN Systems Inc. (“GaN Systems”) today announced that the companies have signed a definitive agreement under which Infineon will acquire GaN Systems for US$830 million. GaN Systems is a global technology leader in the development of GaN-based solutions for power conversion. The company is headquartered in Ottawa, Canada, and has more than 200 employees.

 Infineon to acquire GaN Systems, strengthening its GaN portfolio and further reinforcing its global leadership in Power Systems - Infineon Technologies

As you know, NVTS is my fave play in the GaN semi space. Infineon (top global power semi player) have their own product but just invested almost $1B more for GaN Systems. Good company but I like NVTS tech better. They're most likely on someone's radar as this tech takes off exponentially over the next few years.
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